|
|
6/2/10--12th Street Acquired by GFI, New Fannie Mod Program |
 |
|
*In case you missed the update yesterday on 12th Street, The partners of 12th Street Capital are pleased to announce that GFI Securities LLC has acquired 12th Street Capital LLC effective May 28, 2010. We will continue to operate as 12th Street Capital a division of GFI Securities LLC. GFI Securities is a leading broker in credit, financial, equity, commodity, and derivative trading. {GFIG equity des } |
|
|
5/24/10 |
|
|
*The roller coaster ride of last week looks to be carried over this week. The equity markets rebounded big on Friday afternoon but appear ready to give that back this morning. A quick equity insight from 12th Street’s own Ronaldo Gonzalez, “It should be an interesting couple of days in the equity mkts. People are still jittery from last week's debacle. Key support levels (200 day moving average) on the S&P were broken on the downside. The next support should be 1044 (Fibonacci retracement). vix index spiked - a lot of uncertainty, expect some vol. I think it will be hard for the bulls to re-establish control, but with a lot of negativity and caution out there, there could always be a bounce. Have economic indicators later this week - consumer confidence & housing. Seeing disinflation commentary out there - Fed's M3 money supply turned negative. It could be another roller coaster week...” |
|
5/18/10--HAMP Numbers |
|
|
*While the popular press is picking up on the very disappointing HAMP modification numbers released yesterday by Treasury and HUD, (the report can be found here http://tinyurl.com/239rh86). |
|
|
5/19/10--Dodd Bill Amendment, HAMP Back-End DTIs |
|
|
*Call it the Tick Tock bill? Because Senator Dodd knows his time is running out and he just wants to establish some sort of legacy before he leaves D.C. Or how about the, Lets Kick the Can Further Down the Road Bill? Because yes Senator quietly submitted an amendment to his own bill that would allow for loopholes and escape hatches on the derivative issues. I'm not saying I am unhappy, because frankly I don't think they have thought this through nor do they appreciate some of the unintended consequences but it never ceases to amaze me how far D.C. will go to just get something passed in their name. |
|
5/17/10--Moody's Rating Changes, ABX, WL Ross Top Holdings |
|
|
*While I struggle to come up with something to write about this morning I will resist Luke Fry’s suggestion of giving a recap on the Bruins 3-0 series lead, and 3-0 game 7 lead collapse to the Flyers. What was once a happy topic (The Red Sox comeback from 3-0 down to the Yankees) is now tainted and painful. What a choke! Let’s Go Celtics. |
|
|
|
|
<< Start < Prev 1 2 3 4 5 Next > End >>
|
|
Page 3 of 5 |
